Middle-east Arab News Opinion | Asharq Al-awsat

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This file photo shows oil tanks at the Saudi Aramco headquarters during a media tour at Damam city, Saudi Arabia, on November 11, 2007. (Reuters/Ali Jareki/Files)

Opinion: Saudi Arabia and the “Oil Weapon”

by Salman Al-dossary | Oct 27, 2014 | Opinion

It is simply Saudi Arabia’s fate that it is held responsible for every little thing that occurs in the global oil markets. If prices go up or down, the finger of blame points her way. If the global economy requires a balance between the supply and demand for oil, all...

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A picture made available on July 31, 2014, shows smoke rising from the Baiji oil refinery during the clashes between the fighters of Islamic State in Iraq and Syria (ISIS) and Iraqi forces in Baiji city, on July 30, 2014. (EPA)

ISIS black market oil operation booming: officials

by Ma'ad Fayad | Oct 17, 2014 | Middle East

Baghdad, Asharq Al-Awsat—The Islamic State of Iraq and Syria’s (ISIS) black market oil smuggling operation is continuing to thrive despite escalating air strikes targeting the group’s positions in Iraq and Syria, Iraqi officials and regional oil traders informed...

Media ID: 55331692
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A masked pro-Russian activist takes down a Ukrainian flag from the top of a government building in Donetsk, eastern Ukraine, in this April 28, 2014, file photo.
(REUTERS/Baz Ratner)

Oil slips below $110, near 7-week highs on Ukraine

by Asharq Al-Awsat | Apr 28, 2014 | Business

London, Reuters—Brent crude oil slipped below 110 US dollars a barrel on Monday, consolidating near seven-week highs as the United States imposed more sanctions on Russia over the Ukraine crisis. Signs that Libya may soon reopen a small oil port helped take some...